Telephone and Data Systems, Inc. $TDS Shares Sold by Private Management Group Inc.

Private Management Group Inc. lessened its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 483,079 shares of the Wireless communications provider’s stock after selling 16,692 shares during the quarter. Private Management Group Inc.’s holdings in Telephone and Data Systems were worth $19,806,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TDS. Bessemer Group Inc. lifted its stake in shares of Telephone and Data Systems by 65.6% during the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 277 shares during the period. Salomon & Ludwin LLC lifted its stake in shares of Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 231 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Telephone and Data Systems by 121.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 455 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Telephone and Data Systems during the 3rd quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Telephone and Data Systems by 191.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 861 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Up 0.3%

Shares of TDS opened at $40.03 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.55 billion, a P/E ratio of 75.52 and a beta of 0.28. The stock’s fifty day simple moving average is $42.86 and its 200 day simple moving average is $42.67. Telephone and Data Systems, Inc. has a twelve month low of $32.60 and a twelve month high of $49.12.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of ($0.87) by $1.98. The business had revenue of $309.45 million for the quarter, compared to analyst estimates of $313.28 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. On average, equities research analysts forecast that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is 30.19%.

Analyst Ratings Changes

A number of brokerages have weighed in on TDS. Weiss Ratings reissued a “hold (c)” rating on shares of Telephone and Data Systems in a research note on Friday, June 5th. Citigroup increased their price target on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.